SEC Introduces Online Search Tool for Investors; Jay Clayton Comments

The Securities and Exchange Commission has introduced a new online search tool to help investors make safe and informed investment decisions and avoid financial scams.

SEC said Wednesday the SEC Action Lookup for Individuals or SALI is designed to identify registered and unregistered individuals who previously faced disciplinary or SEC enforcement actions.

SALI also enables users to identify entities who have settled, defaulted or contested an SEC enforcement judgement if a final order was made against them in a federal court or administrative proceeding.

“One of the SEC’s most important tasks is to arm our investors with the tools necessary to identify potential fraudsters,” SEC Chairman Jay Clayton said.

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